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These households can expect a tax increase under Biden’s tax plan

October 8, 2020


Taxes could rise for the wealthiest households in a Joe Biden presidency.

However, you might want to think twice before making any dramatic moves.

Indeed, Biden’s tax plan was a topic of discussion during the debate between vice president Mike Pence and Sen. Kamala Harris, D-Calif., on Wednesday night.

The two clashed over the effectiveness of the Tax Cuts and Jobs Act — President Trump’s tax overhaul that went into effect in 2018 — and the plan Biden has drafted.

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